The rent prices in real estate in Olongapo City, in the Olongapo City region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Olongapo City has had a strong fall during the last 6 months. In October, the average price per m² was ₱ 1,069.72. In November this price barely changed remaining at ₱ 1,069.72 per m². The price for the following two months in (December, January) had a considerable fall of 76 with regard to the previous two months. The price per m² has fallen 92 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₱ 940.86 to ₱ 861.09 during February, and March.
When referring to the price in Olongapo City (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is ₱ 13,967. In November This price remains at ₱ 13,967. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from ₱ 13,270.5 to ₱ 12,423.5 in February and March.
